Salary Needed to Live in Austin as a Retiree
A retired individual (65+) needs approximately $21,669/year to live comfortably in Austin, TX — including 5% savings.
Comfortable Salary
$21,669
with 5% savings
Bare Minimum
$20,224
no savings buffer
Monthly Expenses
$1,264
4% above national avg
Detailed Monthly Budget for a Retiree in Austin
| Expense | Austin | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $122 | $121 | +1% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $19 | $18 | +6% |
| 🛡️ Car Insurance | $167 | $223 | -25% |
| 🏥 Health Insurance | $58 | $56 | +4% |
| Medicare Supplement | $224 | $200 | +12% |
| Prescription Drugs | $168 | $150 | +12% |
| Internet + Phone | $134 | $120 | +12% |
| Recreation & Social | $224 | $200 | +12% |
| Home Maintenance | $112 | $100 | +12% |
| Total Monthly | $1,264 | $1,219 | +4% |
How We Calculated the Salary
Monthly expenses:$1,264
Target savings (5%):$71/mo
Monthly after-tax needed:$1,335
Effective tax rate:25%
Gross annual salary needed:$21,669
Other Household Types in Austin
Related Pages
FAQ
What salary does a retiree need in Austin?
A retiree needs approximately $21,669/year ($1,806/month gross) to live comfortably in Austin with a 5% savings rate.
How much is rent for a retiree in Austin?
A 1-2br senior-friendly in Austin costs approximately $122/month, which is the largest single expense at 10% of the total budget.
Is Austin affordable for a retiree?
Austin is roughly average for retiree costs, requiring a salary close to the national median.